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South Bend Redevelopment Commission <br />Regular Meeting — November 22, 2011 <br />hazard. Therefore, staff obtained three <br />quotes for the repair. <br />• Ideal Consolidated, Inc: $4,500 <br />• Dynamic Mechanical Services, Inc.: <br />$4,886 <br />• Herman & Goetz, Inc.: $6,760 <br />Staff recommends accepting the offer from <br />Ideal Consolidated for the amount of $4,500. <br />Upon a motion by Ms. King, seconded by <br />Mr. Varner and unanimously carried, the <br />Commission accepted the proposal from <br />Ideal Consolidated, Inc. for $4,500 to replace <br />HVAC unit in the Wayne Street retail space. <br />B. Airport Economic Development Area <br />(2) Administrative Settlement for acquisition <br />of 1509 S. Kendall Street. <br />Mr. Relos noted that on October 15, 2010, <br />the Commission approved Resolution <br />No. 2784, which authorized the purchase of <br />1509 Kendall and set the offering price at <br />$25,500, the average of two independent <br />appraisals. The property owner passed away <br />in May 2010, leaving no will. Staff has been <br />working with the owner's heirs and their <br />attorney to reach an agreement to acquire this <br />property. <br />The property is a 1,416 square foot, one and <br />a half story, 4 bedroom, 1 bath house with a <br />fenced back yard. <br />In 2001, a $50,000 mortgage was secured by <br />the property owner, paying off a 1997 <br />mortgage in the amount of $22,000 with the <br />COMMISSION ACCEPTED THE PROPOSAL FROM <br />IDEAL CONSOLIDATED, INC. FOR $4,500 TO <br />REPLACE HVAC UNIT IN THE WAYNE STREET <br />RETAIL SPACE <br />